Term life cover
Term life cover provides a lump sum of money on the death of the life insured to the policy owner, or the nominated beneficiaries, while the policy is in force. People take out this type of cover for many reasons including paying out mortgages, paying out final expenses, or to provide a lump sum amount for partners and dependants.

TPD Cover
Total and permanent disability cover pays a lump sum where the life insured is both totally and permanently disabled, while the policy is in force. The lump sum is designed to assist to provide for yourself and your dependants ongoing expenses.

Trauma Cover
Trauma Cover pays a lump sum payment when a defined medical event occurs to the life insured (as defined in the policy document) such as serious heart attack, stroke, cancer, etc.

Annual Income
Please enter gross annual income from all sources before tax.

Type of Policy
Agreed Value Policy - With an Agreed Value style of policy the amount of cover is verified and agreed at the time that the policy is taken out and commences.

Indemnity Policy - With an Indemnity style of policy the amount of cover that you have is determined in the event you are disabled.

Indemnity insurance generally costs less than Agreed insurance cover, however there is a risk that you may find yourself disabled in a year in which you have not earned as much as you usually do.

Waiting period
Is the period of time you are unable to work before the policy begins paying your income protection. The shortest waiting period is generally 14 days. Generally the shorter the waiting period the higher the insurance costs.

Benefit Period
This is the period of time for which you will be paid whilst you are unable to work.